BAKU, Azerbaijan, December 22. Investment income of Iran’s Persian Gulf Petrochemical Industries Holding (PGPIC) increased by 7.6% in the last Iranian year (from March 20, 2024, through March 20, 2025) compared to the previous year (from March 21, 2023, through March 19, 2024), the company's CEO, Mohammad Shariatmadari, said at the Petrofan Conference on December 9, Trend reports.
Shariatmadari articulated that in the preceding Iranian fiscal
year, the Holding's aggregate investment yield culminated at 590
trillion rials (approximately $892 million). He articulated that
concurrently, technological advancements and innovation initiatives
facilitated a cost reduction of 180 trillion rials (approximately
$272 million).
The official report indicates that the organization’s output
reached 27 million tons in the preceding fiscal year, reflecting a
7 percent uptick, equating to an additional 1.75 million tons
relative to the prior year’s metrics.
The Persian Gulf Petrochemical Industries Company is regarded as one of Iran’s leading petrochemical corporations. The holding aims to raise its annual production capacity to 57.4 million tons and boost its product sales value to over $30.1 billion by March 19, 2028. Currently, its annual output stands at around 26 million tons.
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